Stop Cash Shrink

If a public bank were viable, however, it would still need to interface with the federal wire system to move around money — and that, in and of itself, could be an insurmountable feat, explains Joshua Laterman, founder and CEO of a new trade group called the National Association of Cannabis Businesses (NACB), which aims

The legalization of the cannabis industry creates a cash conundrum as California businesses try to figure out how to operate in a cash-only world — without the use of bank accounts, credit cards, checks and payroll. Bankers said the only plan proposed within the state to open up banking to cannabis businesses is not likely

Two San Francisco city supervisors are pushing the city to open its own public bank, in a bid to keep the city from being too involved with large commercial banks and as a way to give cannabis business owners a place to bank safely. The San Francisco Examiner reports that Supervisors Malia Cohen and Sandra

An all-cash segment makes the market less safe. Safety is a real issue given the amount of money moving through these retail locations, which reaches upwards of $2 million monthly in some stores. Cash creates temptation for employee theft, robberies or unauthorized discounts, compelling stores to invest in even greater security, which states already require